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Side-by-side financial comparison of Baozun Inc. (BZUN) and PDF SOLUTIONS INC (PDFS). Click either name above to swap in a different company.

Baozun Inc. is the larger business by last-quarter revenue ($84.2M vs $62.4M, roughly 1.3× PDF SOLUTIONS INC). PDF SOLUTIONS INC runs the higher net margin — -0.1% vs -2.0%, a 1.9% gap on every dollar of revenue.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

BZUN vs PDFS — Head-to-Head

Bigger by revenue
BZUN
BZUN
1.3× larger
BZUN
$84.2M
$62.4M
PDFS
Higher net margin
PDFS
PDFS
1.9% more per $
PDFS
-0.1%
-2.0%
BZUN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BZUN
BZUN
PDFS
PDFS
Revenue
$84.2M
$62.4M
Net Profit
$-1.7M
$-48.0K
Gross Margin
72.9%
Operating Margin
-1.7%
5.5%
Net Margin
-2.0%
-0.1%
Revenue YoY
24.6%
Net Profit YoY
-108.9%
EPS (diluted)
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BZUN
BZUN
PDFS
PDFS
Q4 25
$62.4M
Q3 25
$57.1M
Q2 25
$84.2M
$51.7M
Q1 25
$47.8M
Q4 24
$50.1M
Q3 24
$46.4M
Q2 24
$41.7M
Q1 24
$41.3M
Net Profit
BZUN
BZUN
PDFS
PDFS
Q4 25
$-48.0K
Q3 25
$1.3M
Q2 25
$-1.7M
$1.1M
Q1 25
$-3.0M
Q4 24
$539.0K
Q3 24
$2.2M
Q2 24
$1.7M
Q1 24
$-393.0K
Gross Margin
BZUN
BZUN
PDFS
PDFS
Q4 25
72.9%
Q3 25
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
68.3%
Q3 24
73.1%
Q2 24
70.6%
Q1 24
67.3%
Operating Margin
BZUN
BZUN
PDFS
PDFS
Q4 25
5.5%
Q3 25
8.5%
Q2 25
-1.7%
2.2%
Q1 25
-7.4%
Q4 24
1.0%
Q3 24
4.6%
Q2 24
0.6%
Q1 24
-4.7%
Net Margin
BZUN
BZUN
PDFS
PDFS
Q4 25
-0.1%
Q3 25
2.3%
Q2 25
-2.0%
2.2%
Q1 25
-6.3%
Q4 24
1.1%
Q3 24
4.8%
Q2 24
4.1%
Q1 24
-1.0%
EPS (diluted)
BZUN
BZUN
PDFS
PDFS
Q4 25
$0.00
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$-0.08
Q4 24
$0.01
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BZUN
BZUN
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$6.9M
$42.2M
Total DebtLower is stronger
$67.0M
Stockholders' EquityBook value
$10.7M
$271.0M
Total Assets
$25.9M
$418.7M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
PDFS
PDFS
Q4 25
$42.2M
Q3 25
$35.9M
Q2 25
$6.9M
$40.4M
Q1 25
$54.1M
Q4 24
$114.9M
Q3 24
$120.2M
Q2 24
$117.9M
Q1 24
$122.9M
Total Debt
BZUN
BZUN
PDFS
PDFS
Q4 25
$67.0M
Q3 25
$67.6M
Q2 25
$68.1M
Q1 25
$68.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BZUN
BZUN
PDFS
PDFS
Q4 25
$271.0M
Q3 25
$264.4M
Q2 25
$10.7M
$257.5M
Q1 25
$249.0M
Q4 24
$246.0M
Q3 24
$240.5M
Q2 24
$232.2M
Q1 24
$225.4M
Total Assets
BZUN
BZUN
PDFS
PDFS
Q4 25
$418.7M
Q3 25
$406.4M
Q2 25
$25.9M
$391.1M
Q1 25
$390.0M
Q4 24
$315.3M
Q3 24
$307.4M
Q2 24
$298.0M
Q1 24
$286.8M
Debt / Equity
BZUN
BZUN
PDFS
PDFS
Q4 25
0.25×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.28×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BZUN
BZUN
PDFS
PDFS
Operating Cash FlowLast quarter
$17.3M
Free Cash FlowOCF − Capex
$7.5M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZUN
BZUN
PDFS
PDFS
Q4 25
$17.3M
Q3 25
$3.3M
Q2 25
$-5.2M
Q1 25
$8.6M
Q4 24
$1.6M
Q3 24
$9.3M
Q2 24
$684.0K
Q1 24
$-1.9M
Free Cash Flow
BZUN
BZUN
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-2.9M
Q2 25
$-13.8M
Q1 25
$535.0K
Q4 24
$-4.0M
Q3 24
$5.1M
Q2 24
$-4.6M
Q1 24
$-3.9M
FCF Margin
BZUN
BZUN
PDFS
PDFS
Q4 25
12.1%
Q3 25
-5.1%
Q2 25
-26.6%
Q1 25
1.1%
Q4 24
-8.0%
Q3 24
11.0%
Q2 24
-11.1%
Q1 24
-9.4%
Capex Intensity
BZUN
BZUN
PDFS
PDFS
Q4 25
15.7%
Q3 25
10.8%
Q2 25
16.5%
Q1 25
17.0%
Q4 24
11.3%
Q3 24
9.0%
Q2 24
12.8%
Q1 24
4.9%
Cash Conversion
BZUN
BZUN
PDFS
PDFS
Q4 25
Q3 25
2.54×
Q2 25
-4.55×
Q1 25
Q4 24
2.98×
Q3 24
4.20×
Q2 24
0.40×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BZUN
BZUN

Segment breakdown not available.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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